BEST ARCTIC AS

9008 TROMSØ

Finances

Return on Equity

−141,62 %

Current Ratio

1,4

Debt-to-Equity Ratio

1,77

Key figures (NOK)	2022	2021	2020	2019
Revenue	43 359 000	12 580 000	24 196 000	44 128 000
Net Income	−5 611 000	−4 530 000	−1 722 000	1 732 000
Total Assets	31 210 000	5 985 000	4 856 000	13 212 000
Total Equity	3 962 000	−3 653 000	878 000	2 600 000

Income (NOK)	2022	2021	2020	2019
Revenue	43 359 000	12 580 000	24 196 000	44 128 000
Expenditure	52 012 000	17 066 000	26 220 000	42 063 000
Operating Profit	−8 652 000	−4 486 000	−2 033 000	2 065 000
Financial Income	78 000	11 000	22 000	11 000
Financial Costs	52 000	55 000	49 000	5 000
Financial Balance	26 000	−44 000	−27 000	6 000
Earnings Before Tax	−8 626 000	−4 530 000	−2 060 000	2 070 000
Tax	−3 015 000	0	−338 000	338 000
Net Income	−5 611 000	−4 530 000	−1 722 000	1 732 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	2 871 000	428 000	268 000	341 000
Total Current Assets	28 339 000	5 557 000	4 588 000	12 871 000
Total Assets	31 210 000	5 985 000	4 856 000	13 212 000
Total Retained Equity	−10 845 000	−5 234 000	−703 000	1 019 000
Total Equity	3 962 000	−3 653 000	878 000	2 600 000
Total Long-Term Debt	7 021 000	1 410 000	1 900 000	0
Total Current Debt	20 227 000	8 228 000	2 078 000	10 613 000
Total Equity and Debt	31 210 000	5 985 000	4 856 000	13 212 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	38 319 000	9 599 000	19 212 000	39 903 000
Other Income	5 039 000	2 981 000	4 983 000	4 225 000
Revenue	43 359 000	12 580 000	24 196 000	44 128 000
Cost of Goods Sold	32 806 000	6 985 000	17 517 000	30 371 000
Salary Costs	10 433 000	4 183 000	6 329 000	7 866 000
Depreciation	61 000	52 000	50 000	50 000
Impairment	0	0	0	0
Expenditure	52 012 000	17 066 000	26 220 000	42 063 000
Operating Profit	−8 652 000	−4 486 000	−2 033 000	2 065 000
Financial Income	78 000	11 000	22 000	11 000
Financial Costs	52 000	55 000	49 000	5 000
Financial Balance	26 000	−44 000	−27 000	6 000
Dividends	0	0	0	0
Net Income	−5 611 000	−4 530 000	−1 722 000	1 732 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	2 158 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	503 000	218 000	51 000	101 000
Total Tangible Assets	503 000	218 000	51 000	101 000
Total Fiancial Fixed Assets	210 000	210 000	217 000	240 000
Total Fixed Assets	2 871 000	428 000	268 000	341 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	4 814 000	2 265 000	2 730 000	5 722 000
Total Current Assets	28 339 000	5 557 000	4 588 000	12 871 000
Total Assets	31 210 000	5 985 000	4 856 000	13 212 000
Total Equity	3 962 000	−3 653 000	878 000	2 600 000
Short-Term Group Debt	25 000	0	0	0
Total Long-Term Debt	7 021 000	1 410 000	1 900 000	0
Creditors	10 337 000	4 778 000	158 000	4 975 000
Unpaid Taxes	492 000	318 000	195 000	561 000
Dividends	0	0	0	0
Other Current Debt	9 374 000	3 132 000	1 725 000	4 739 000
Total Current Debt	20 227 000	8 228 000	2 078 000	10 613 000
Total Equity and Debt	31 210 000	5 985 000	4 856 000	13 212 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−141,62 %	124,01 %	−196,13 %	66,62 %
Debt-to-Equity Ratio	1,77	−0,39	2,16	0
Operating Profit Margin	−19,95 %	−35,66 %	−8,4 %	4,68 %
Current Ratio	1,4	0,68	2,21	1,21
Quick Ratio	1,4	0,68	2,21	1,21
Equity Ratio	0,13	−0,61	0,18	0,2
Gross Profit Margin	24,34 %	44,48 %	27,6 %	31,18 %